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November 20, 2018 | Just a Little Farther to Go….

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

Tuesday’s brutal slide left some key targets unfulfilled — most notably in AAPL and the E-Mini S&Ps. The targets are not far beneath the intraday lows, so we might look for a significant reversal if stocks open Wednesday morning on merely moderate weakness. Seasonality is strongly bullish, and DaBoyz are unlikely in any event to leave much unfinished business — i.e., heavy dumping — for a Friday when trade desks will be deserted. Rick’s Picks will be providing only limited coverage itself, so the next updates will be Sunday evening. Let me take this opportunity to wish you all a happy Thanksgiving. Enjoy the holiday!

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November 20th, 2018

Posted In: Rick's Picks

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